| Min. Deposit | 100 USD |
| Regulator | FCA, FSA, SySEC, Labuan FSA, FSCA |
| Trading Costs | 4 USD |
| Website Language | English, Malay, Polish, Indonesian, Arabic, Thailand, Chinese, Vietnamese, Portuguese, Spanish |
| Support Language | English, Malay, Polish, Indonesian, Arabic, Thai, Chinese, Vietnamese, Portuguese |
| Malaysian Client Support | Yes |
| Malaysia Local Bank Deposit | Yes |
| Bonus |
If you’re looking for a reliable and trustworthy forex broker, Tickmill may be the right choice for you. In this Tickmill Malaysia review, we’ll take a look at what this broker has to offer, and see if it’s the right fit for your needs to start your trading forex. We’ll cover everything from their account types to their customer service, so you can make an informed decision about whether or not to sign up with them.
What is Tickmill Malaysia and what do they offer their clients
Tickmill is the trading name of Tickmill Group of companies. Tickmill.com is owned and operated within the Tickmill Group of companies. Tickmill Group consists of Tickmill UK Ltd, regulated by the Financial Conduct Authority (Registered Office: 3rd Floor, 27 – 32 Old Jewry, London EC2R 8DQ, England).
Tickmill is a Forex broker that was founded in 2011. Tickmill is one of the few brokers that are regulated In Malaysia. They are regulated by the Labuan Financial Services Authority (Labuan FSA) which is located in Labuan, Malaysia.
What differentiates Tickmill from other brokers is that they offer their traders a variety of trading platforms to choose from. These platforms include the popular MetaTrader platform, as well as the cTrader platform which is designed for experienced traders. The company also offers a mobile app that allows traders to trade on the go.
Tickmill is a Forex and CFD broker that offers trading on a wide range of assets including currency pairs, commodities, stocks, indices, and more. They offer competitive spreads and leverage of up to 500:01 for retail clients. Tickmill also has a mobile trading app available for both Android and iOS devices.
| Account Information | |
| Base Currencies | USD, EUR, GBP, PLN |
| Number of FX Pairs | 62 |
| Copy Trading | Yes |
| Hedging Allowed | Yes |
| Scalping Allowed | Yes |
| Islamic Account | Yes |
| Trading Conditions | |
| Account Name | Classic, Pro, and VIP accounts |
| Min. Spread | 0 pips |
| Commission | 4 USD/lot |
| EUR/USD | 0.10 pips |
| GBP/USD | 0.30 pips |
| USD/JPY | 0.10 pips |
| Max. Leverage | 500:1 |
| Company Details | |
| Company Name | Tickmill Ltd |
| Founded | 2014 |
| Website | tickmill.com |
| Office Locations | Eden Island, Mahe |
| Support Email | support@tickmill.co.uk |
Is Tickmill Safe for Malaysian Traders?
Tickmill Europe Ltd is a regulated broker that is licensed by the Financial Conduct Authority (FCA) in the United Kingdom. This means that Tickmill is held to a high standard and must comply with strict regulations put in place by the FCA.
In addition, Tickmill Europe Ltd is regulated by the Financial Sector Conduct Authority (FSCA), Seychelles Financial Services Authority (FSA), Tickmill is also regulated by Cyprus Securities and Exchange Commission (CySEC), and Labuan Financial Services Authority (Labuan FSA).
Tickmill also Tickmill is also registered with Federal Financial Supervisory Authority (BaFin), Commissione Nazionale per le Società e la Borsa (CONSOB), Autorité de Contrôle Prudential (ACPR), Comisión Nacional del Mercado de Valores CNMV.
1. Seychelles Financial Services Authority (FSA) – Tickmill Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority. Licence number: SD008.
2. Financial Conduct Authority (FCA) – Tickmill UK Ltd is authorised and regulated by the Financial Conduct Authority. FCA Register Number: 717270.
3. Cyprus Securities and Exchange Commission (CySEC) – Tickmill Europe Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission as a CIF limited company. Licence number: 278/15.
4. Labuan Financial Services Authority (Labuan FSA) – Tickmill Asia Ltd is authorised and regulated by the Labuan Financial Services Authority. Licence number: MB/18/0028.
5. Financial Sector Conduct Authority (FSCA) – Tickmill South Africa (Pty) Ltd is authorised and regulated by the Financial Sector Conduct Authority (FSCA). Licence number: FSP 49464.
Overall, Tickmill is a safe and reputable forex broker that offers its services to Malaysian traders. Malaysian traders can feel safe knowing that their funds are protected under these regulations.
If you’re looking for a reliable and affordable broker with excellent customer service, Tickmill is a great choice. However, if you’re an experienced trader who is looking for higher leverage and lower spreads, you may want to consider another broker.
PROS:
- Wide range of tradable assets
- Competitive spreads
- Mobile trading app available
- Leverage of up to 500:01 for retail clients
- Well regulated by the financial strong authority
CONS
Tickmill Malaysia Security & Safety of Funds
When it comes to the security of your funds, Tickmill takes things very seriously. Your money is always segregated from the company’s operating funds and held in tier-one banks. This means that even in the unlikely event of Tickmill becoming insolvent, your money would still be safe and returned to you. In addition, Tickmill is a member of the Investor Compensation Fund (ICF), which provides coverage of up to EUR 20,000 per client in the event that the broker is unable to meet its financial obligations.
Overall, Tickmill appears to be a solid and reliable forex broker with a good range of products and services on offer. The company is regulated by some of the world’s most reputable financial authorities and has a strong commitment to the safety and security of client funds. If you’re looking for a reliable broker with a good reputation, Tickmill may be the right choice for you.
Tickmill Trading Fees
Tickmill charges a trading fee of 0.10% per trade, plus a 10-second time-based spread. This is in line with the industry standard.
However, Tickmill does offer a significant discount for high-volume traders. If you trade more than 500 standard lots per month, your trading fee will be reduced to 0.05%. This is a very competitive rate, and it’s one of the reasons why Tickmill is popular with high-volume traders.
Tickmill also offers a VIP account for professional traders who meet certain criteria. VIP account holders enjoy even lower fees, as well as other benefits such as dedicated account managers, priority withdrawals, and exclusive events invitations.
To open a Tickmill account, you’ll need to deposit at least $100 (or equivalent). And if you deposit more than $20,000 (or equivalent), you’ll qualify for a free VPS service. This is a great perk for high-volume traders who want to trade with the best possible conditions.
Overall, Tickmill’s fees are very competitive and they offer some great perks for high volume traders. If you’re looking for a broker that can give you the best possible trading conditions, Tickmill is worth considering.
Leverage
Leverage is a measure of how much you can borrow to buy something. And, it also means that you will earn more money. It’s like when you play on a seesaw. If one person sits at the end of the see-saw, and the other person sits close to the ground then they can’t balance themselves and they fall off, but if both people sit at either end then they’ll be able to balance themselves because there is enough weight on each side for them to do that.
Tickmill gives you a lot of leverage. You can borrow up to 500 times the value of the trade that you’re making. This is a really high amount, and it’s probably more than you’ll ever need. But it’s there if you do need it, and it can help you to make more money from your trades.
But, be careful! Because if something goes wrong then you could lose a lot of money very quickly. Make sure that you understand how leverage works before you start trading with Tickmill, and only use as much as you feel comfortable using.
Platforms
Tickmill offers two main trading platforms: the proprietary Tickmill Trader Terminal and the ever-popular MetaTrader 4 and MetaTrader 5. Both are available as desktop versions or mobile apps. The Tickmill Trader Terminal is a web-based platform that doesn’t require any installation or downloading. It’s user-friendly and comes with all the features and tools that traders need to make informed decisions. The MetaTrader platform, on the other hand, is a more advanced trading platform that requires installation. It’s packed with powerful features and tools that more experienced traders will find useful.
No matter which platform you choose, you’ll get access to Tickmill’s competitive spreads and fast trade execution speeds. And if you’re not sure which platform is right for you, you can always try out both platforms with a free demo account.
Tickmill Trading Tools
Tickmill Trading Tools are high-quality tools used by Tickmill Malaysia. They help you trade stocks and other investments.
For example, the Forex Trader’s Workstation is a platform built for technical analysis and charting. The Predictive Analysis module uses sophisticated algorithms to generate trading signals, calculate risks, and make profitable trades.
Tickmill Malaysia also offers a wide range of research and education tools. These include webinars, seminars, Ebooks, video tutorials, infographics, forex glossary, fundamental analysis, technical analysis, and more.
If you’re looking for high-quality trading tools and excellent customer service, then yes – Tickmill is definitely worth considering!
Tickmill Trading Assets
Tickmill offers a wide range of tradable trading financial products which include Forex, Stock Indices and Oil, Precious Metals, Bonds, and Cryptocurrencies. This allows traders to find the right asset to trade depending on their market view or strategy.
Deposits and Withdrawals
When it comes to making deposits and withdrawals, Tickmill is a reliable and fuss-free broker. You can make deposits via local Malaysian banks such as CIMB, Maybank, and RHB Bank. There are also a variety of options for withdrawing your profits, including bank wire transfers, Skrill, Neteller, and WebMoney. Overall, we were impressed with the ease of making deposits and withdrawals with Tickmill.
The minimum deposit (initial investment) in Tickmill is $100. This is a relatively low minimum deposit compared to other brokers. This makes Tickmill a good option for traders who are new to Forex trading. The low minimum deposit also allows you to trade with a small amount of capital, which can help you to reduce your risk exposure.
Education & Research
Tickmill provides a range of resources to help traders learn about forex and CFDs. These include eBooks, videos, webinars, and articles. The education center is divided into beginner, intermediate, and advanced sections. In addition, Tickmill offers a free demo account so traders can practice trading with virtual funds.
The company also conducts extensive research on market conditions and publishes the results on its website. This information can help traders make informed trading decisions.
Tickmill customer support
Tickmill customer support is available 24 hours a day, from Monday to Friday. The customer support team can be reached via email, phone, or live chat. Tickmill offers customer support in a number of languages, which is great for traders who need assistance with their accounts in their native language.
I contacted the customer support team via live chat and I was immediately connected to a customer support representative. The customer support representative was very friendly and helpful. He answered all of my questions promptly and accurately.
Overall, I was very pleased with the customer support service provided by Tickmill. I would definitely recommend Tickmill to other traders.
Account types available at Tickmill Malaysia
Tickmill Malaysia offers three types of account trading forex to their client: Classic, Pro, and VIP accounts.
Pro Account
The Tickmill Pro account is designed for traders who want to get the most out of their trading experience. This account type offers a number of features that are not available with other account types, including:
- unlimited access to expert advisors
- unrestricted use of leverage
- free VPS service
- personal account manager
- market analysis from Tickmill’s team of analysts
If you’re looking for an account that gives you the most flexibility and control over your trading, the Tickmill Pro account is the right option for you.
Classic Account
The Tickmill Classic account is designed for traders who want to get started in Forex trading with a minimum investment. This account type offers a number of features that are not available with other account types, including:
- access to a wide range of educational materials
- use of leverage up to 1:500
- free VPS service
- personal account manager
- market analysis from Tickmill’s team of analysts
If you’re looking for an account that provides you with a solid foundation for Forex trading, the Tickmill Classic account is the best option for you.
VIP Accounts
The Tickmill VIP accounts are designed for traders who want to get the most out of their trading experience. This account type offers a number of features that are not available with other account types, including:
- unlimited access to expert advisors
- unrestricted use of leverage
- free VPS service
- personal account manager
- market analysis from Tickmill’s team of analysts
- priority support and access to exclusive trading tools and resources
If you’re looking for an account that gives you the most flexibility and control over your trading, the Tickmill VIP account is the right option for you.
How to get started with Tickmill Malaysia
If you’re looking to get started with Tickmill Malaysia, the first thing you’ll need to do is open an account. You can do this by visiting the Tickmill website and clicking on “Open Account” in the top right corner.
Once you’ve opened an account, you’ll need to fund it in order to start trading. You can do this by transferring money from your bank account or by using a credit or debit card.
Once your account is funded, you can start trading! Simply choose the currency pair you want to trade, enter the amount you want to invest, and hit “Buy”.
Why Malaysian traders should consider using Tickmill
There are a few reasons why Malaysian traders should consider using Tickmill as their forex broker of choice. Firstly, Tickmill is a regulated broker, meaning that your funds are safe and secure with them.
Secondly, Tickmill offers some of the most competitive spreads in the industry, making it a great option for those looking to save on costs. Thirdly, Tickmill offers a wide range of trading products and features, including CFDs, Forex, and Binary Options trading.
Finally, Tickmill’s customer support is top-notch, providing traders with prompt and efficient assistance when needed. So why not give Tickmill a try today? You may just find that it’s the perfect forex broker for you!
What is the advantage and disadvantage of Tickmill?
Advantage
1. Tickmill offers competitive spreads and low commissions.
2. Tickmill is regulated by the Financial Conduct Authority (FCA), Seychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC), Labuan Financial Services Authority (Labuan FSA), and Financial Sector Conduct Authority (FSCA).
3. Tickmill has a wide range of products available for trading, including forex, stocks, indices, commodities, and cryptocurrencies.
4. Tickmill has a user-friendly platform that is easy to use and navigate.
5. Tickmill offers 24/5 customer support via email, telephone, and live chat.
Disadvantage
1. Tickmill’s spreads may be higher than those offered by some of the other brokers.
2. Tickmill has a higher minimum deposit requirement than some of the other brokers.
Conclusion
So, is Tickmill Malaysia the right forex broker for you? Well, that depends on your individual needs and preferences. We’ve found that Tickmill offers a great trading experience with plenty of features and tools to help traders succeed. They also offer a wide range of account types to suit every trader, from beginner to experienced professional. Plus, their customer service is top-notch and always available to help with any questions or concerns you may have. If you’re looking for a reliable, reputable forex broker that has your best interests at heart, we highly recommend giving Tickmill a try!